Everyday Money

Top 5 Worrying Results

·         73 percent of people are concerned how their kids will ever afford a house.

·         22 percent said “Nothing I do will make a difference to my financial situation” rising to 33 percent for those aged 50-64 years.

·         19 percent aged 18-39 believe that “KiwiSaver means I do not have to save for my retirement.”

·         38 percent feel dealing with money is stressful, rising to 43 per cent for those aged 50-64.

·         Only 46 per cent know what interest they are getting on their savings.

Top 5 Cheerful results

·         65 percent are aware of their net wealth, rising to 73 per cent for those aged 50-64.

·         75 percent aged 40-49 per cent would like to help their kids financially.

·         57 percent knew the balance of their transaction balance at all times. 67 percent knew how much they had in their savings accounts.

·         53 percent tried to stay informed about money and financial matters at all times.

·         29 percent were actively saving to build their “emergency fund.”

Source: Sunday Star Times